Korea’s Biggest Messaging App Kakao to Integrate Crypto Wallet For 44 Million Users

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WHY KAKAO IS INTEGRATING A CRYPTO WALLET

Local publications have reported that Kakao is estimated to have raised $90 million to develop its own blockchain network called Klatyn and the integration of a crypto wallet into KakaoTalk is one way to introduce their own blockchain network to the public.

WHAT IT MEANS FOR SOUTH KOREA’S CRYPTO SECTOR

If Kakao moves forward with its current plans to integrate a crypto wallet into an application used by tens of millions of users in South Korea alone, the country’s most widely utilized device in Samsung Galaxy S10 and messaging app will have native support for crypto.

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